Mitsubishi Novated Lease

Mitsubishi makes practical driving exciting — and now more affordable. Leaselab helps you enjoy the power and reliability of Mitsubishi while maximising your take-home pay. Ready when you are.

Mitsubishi

Mitsubishi Performance. Novated Lease Benefits 

With a reputation for taking you in a new direction, Mitsubishi grew to Australian fame for its Diamond Advantage, which provided a 10-year warranty and capped-price servicing. Today, the heritage Japanese automotive company is renowned for its strides in innovation and cutting-edge technology.

Catering to the diverse needs of consumers, the brand offers stylish city models, robust SUVs and powerful utes. Our Mitsubishi novated leases offer huge savings on purchasing your next vehicle, so you can enjoy all the benefits of owning a car without needing to buy outright.

Built to Perform. Designed to Endure. This is the Mitsubishi Lineup.

Whether driving on a rough worksite or embracing a wild escape, Mitsubishi cars are designed to impress and built to drive.

Mitsubishi

What Mitsubishi models are most popular for novated leasing?

Top choices include the Mitsubishi Triton for tradies and the spacious Outlander or Eclipse Cross for families. The new Outlander PHEV is also growing in popularity for its hybrid efficiency. 

There’s a Mitsubishi for every lifestyle, ready to bundle into a novated lease. Our team will unriddle the complicated process for you and find a flexible lease that works so you can enjoy GST savings and reduced maintenance costs.

How do Mitsubishi novated lease payments compare with buying outright or traditional finance? 

Novated lease payments for a Mitsubishi are often lower than traditional car finance, thanks to tax savings and bundled running costs. You’ll also free up cash flow while avoiding upfront costs, which tradies, families or mining workers just love to help manage their budget. 

At the end of your lease, you can upgrade to a newer Mitsubishi or try a completely different vehicle, keeping your drive fresh and tailored to your lifestyle. We’ll help you navigate all your options when your novated lease is coming to an end.

Mitsubishi

What is a novated lease?

A novated lease is an innovative way to finance your vehicle through a three-party agreement involving you, your employer, and a car finance provider. It allows you to pay for your car from your pre-tax salary, leading to significant tax savings and a streamlined car ownership experience.

Save thousands in tax

Bundle your car and running costs into one pre-tax salary deduction, saving thousands annually and tens of thousands over the lease's lifetime.

Get a better car for less money

Save up to $6,334 on the GST component of the car's price, making it easier to afford a better car and maximising your budget.

No bill shock

Turn annual car-related expenses into even monthly payments, preventing unexpected costs that can disrupt your budget.

Include running costs

Add fuel, servicing, insurance, and more to your lease package, all paid pre-tax, increasing your savings on everyday costs.

Fixed monthly payments

Enjoy predictable, fixed payments over the lease term, helping you manage your finances with confidence.

Managed by us, for you

We handle all aspects of your lease, from processing expenses to providing transparent account reporting, ensuring hassle-free management.

The Process

How It Works

A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.

1

You + Your Vehicle

Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.

2

You + Your Employer

An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.

3

You + Leaselab

With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.

Explore our most popular Mitsubishi models

All your car and running costs are included

Customer Service

Customer Service

Rego & Insurance

Rego & Insurance

Tyres & Alignment

Tyres & Alignment

Servicing &  Maintenance

Servicing & Maintenance

Fuel or Electricity

Fuel or Electricity

Lease Payments

Lease Payments

About Leaselab

We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.As we always say: It’s a new lease on novated leasing.

Why choose Leaselab for your novated lease?

We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.

We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.

100+

years of combined experience in novated leasing

97%

Customer satisfaction rating

99%

of reviews are 5 stars

How we stack up against the competition

We believe everyday Aussies deserve a smarter way to buy a new ute. That's what grounds our commitment to customer success. And it's why we always act in the best interests of our clients by providing trustworthy education and guidance, even (and especially when) it’s difficult.

Total Transparency & Easy Access

See all your lease details at any time, with a simple, intuitive online portal.

Multiple Lender Options, Competitive Rates

Choose from a range of lenders to get the best deal for you.

Super Short Support Wait Times

Speak to a real person in under a minute, on average.

Rapid Reimbursements

Get your money back fast—usually within 2–3 business days.

Dedicated Account Manager

Enjoy personal service from your own account manager, for the life of your lease.

Exclusive Employee Benefits

Access extra perks and benefits beyond your lease, at no extra cost.

Our Happy Customers

We've saved thousands, for thousands

Rated 5/5 based on 141 Google reviews

Frequently Asked Questions

Is buying a Mitsubishi through a novated lease worth it?

If you would like to get the wheels in motion to own your dream Mitsubishi, but cannot afford the outright purchase price, a novated lease is the perfect way to save money. This financing arrangement also allows you to bundle the running costs of your new car directly from your pre-tax salary through your employer, effectively lowering your taxable income. Discover your estimated finance repayments using Leaselab's online calculator.

How does the Fringe Benefits Tax (FBT) affect Mitsubishi novated leases?

Fringe Benefits Tax (FBT) is a tax applied to fringe benefits received from your employer for personal use, including a car. The team at Leaselab addresses this by combining your pre-tax and post-tax salary contributions to offset the FBT liability. Leaselab can tailor your contribution while maximising your tax benefits.

Do I own the Mitsubishi at the end of a novated leasing period?

You will need to pay out the ‘residual value’ to own the Mitsubishi at the end of your novated lease. Also known as the novated lease balloon payment, this amount is calculated as a percentage of the vehicle price and depends on the length of your lease. To put it simply, a shorter lease will result in a higher balloon payment, while a longer lease will mean a lower residual.

Leaselab can assist you with this entire process and tailor a plan that makes sense for your personal circumstances.

Do Mitsubishi novated leases include running costs?

They sure do. With a novated lease through Leaselab, you can package costs like fuel, servicing, insurance and registration into one regular, pre-tax payment — making budgeting easier while boosting your tax savings.

Is a Mitsubishi novated lease a good fit for family life?

Definitely. Mitsubishi’s SUVs, like the Outlander and Pajero Sport, offer space, safety and comfort, perfect for growing families. With a novated lease, you can drive a new family car with less upfront cost and more flexibility — all while saving on tax. With Leaselab, it’s easy to view our entire range and compare all your options.

Is a Mitsubishi Triton a good choice for mining workers on a novated lease?

Yes — the Mitsubishi Triton is tough, dependable and built for demanding work. With strong 4x4 capability, a roomy dual-cab and low running costs, it’s a smart pick for mining professionals. Through a novated lease, you can drive this ute with less tax and fewer headaches.

Are Mitsubishi novated leases tax-effective for FIFO workers?

Yes. A novated lease lets you package your vehicle and running costs using pre-tax salary, which can reduce your taxable income significantly — a huge plus for higher-earning FIFO or DIDO roles. You get more out of your pay while driving a vehicle that fits your work life.

What if I change jobs while on my novated lease?

If you change employers, your novated lease can usually transfer with you. This gives you peace of mind and flexibility, whether you move between sites or start a new position. Leaselab is here to help you keep your lease running smoothly.

How does the Triton compare to the Ranger and HiLux?

The latest Triton packs a twin‑turbo diesel engine (150 kW/470 Nm), updated chassis, and strong off-road performance. While the Ranger and HiLux dominate sales, Triton offers comparable toughness at a lower price point, making it a smart compromise on value and capability.

How does the Mitsubishi Triton compare to other popular utes for tradies?

When comparing the Mitsubishi Triton with other popular utes for tradies, it stacks up well in several areas. The Triton comes with a 2.4L Turbo Diesel engine, offering a towing capacity of 3,100 kg and a combined fuel economy of 7.7 L/100km. It also stands out with a 10-year / 160,000 km warranty, and novated lease options start from around $229 per week.

By comparison, the Toyota HiLux runs on a 2.8L Turbo Diesel engine, supports 3,500 kg towing capacity, and averages 7.9 L/100km fuel use. It comes with a 5-year / unlimited km warranty, and novated leasing starts from about $218 per week.

The Ford Ranger features a 2.0L Bi-Turbo Diesel engine with a 3,500 kg towing capacity and a fuel economy of 8.0 L/100km. Its warranty is 5 years / 100,000 km, and novated lease prices start from around $290 per week.

Note: Novated lease prices are approximate and vary depending on the model and lease terms.